BHP Billiton slips in London; North West Shelf costs to rise

SarahTurner

LONDON (MarketWatch) -- Shares in BHP Billiton
BHP, +1.46%BLT, +0.50%
slipped 2.3% in London on Wednesday after Australia's Woodside Petroleum said overnight that costs at the North West Shelf LNG project in Western Australia will increase by 21% to A$2.4 billion, largely due to higher labor costs. BHP Billiton holds a 16.7% stake in the project. U.K.-listed oil companies BP
BP, -0.16%BP., -0.54%
and Royal Dutch Shell
RDSA, -0.99%RDS.A, -0.67%
also hold a stake in the project and were trading down by around 0.5% in London.

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